102 Main StOld Saybrook, CT 06475

Property Details for 102 Main St

Year built

1930

Construction

FRAME

Lot size

0.21 AC

Property size (Sq ft)

2,064 SF

Zone code

B-1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

OSAY M:037 B:102 L:

APU

OSAYM037B102L

Description

This meticulously maintained, two-story commercial building at 102 N Main St, Old Saybrook, CT 06475, offers 2,064 square feet of versatile space, currently entirely vacant. Built in 1930, this 1-building property sits on a 9,147.6 square foot lot and is zoned B-1, allowing for a variety of professional uses. The first floor encompasses 1,564 square feet and boasts an elegant reception area, a dedicated conference room, a private office, and a sizable open area easily adaptable to multiple offices or a single large workspace. Upstairs, the 500-square-foot second floor provides two additional private offices and a private bathroom accessible from both inside and outside the building. The building's central location on Old Saybrook's Main Street ensures high visibility and convenient access for clients and employees. Its history as a commercial interior design company for the past four decades speaks to its enduring appeal and suitability for a range of professional businesses, including legal, healthcare, media, finance, and marketing firms. This property presents a unique opportunity to acquire a well-established, adaptable commercial space in a thriving Connecticut town. The building's excellent condition and prime location make it an ideal investment for businesses seeking a prestigious and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $501,624

  6.5%

  $463,038

  7%

  $429,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,599

  Geo Method

  $679,599

• Alternative Use

  Use

  Valuation

  Residential

  $390,590

  Hospitality

  $357,778

  Educational

  $297,667

  Medical

  $307,904

  Retail

  $463,038

Location Insight

City

Old Saybrook

County

Middlesex

State

Connecticut

Latitude

41.2948

Longitude

-72.376

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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